Tag Archives: EBRD

“Materia” means fabric in Georgian, a winning name for a fashion house based in Tbilisi. Fashion House Materia offers its customers a premium clothing line Matériel and more affordable products under the Dots brand. Clothing produced by the company can be spotted being worn by representatives from various public institutions in Georgia: the army, police, post …

International Finance Corporation (IFC) is ready to issue lari-denominated bonds depending on the needs. The organization has declared to GBC, that there are no imminent plans to issue IFC’s lari-denominated bonds in the immediate future. However, IFC remains committed to issue depending on the needs of Georgia’s private sector. “IFC …

After successful establishment of Georgia’s leading bank on the London Stock Exchange. The EBRD has today reduced its stake in TBC Bank Group PLC, Georgia’s largest bank, through a sale of 1.9 million or 30 per cent of its shares. TBC Bank was successfully listed on the London Stock Exchange in …

Acquisition of an apartment at Redix Apartments on Chavchavadze Avenue will cost 4.2 million USD. Founder of Redix talked about the most expensive residential complex in the history of independent Georgia with Property Georgia. According to Lasha Papashvili, Sales of residential properties are strictly limited due to quantity. There are only 11 …

Investors of underground gas storage in Samgori are still unknown. It is only known that negotiations and discussions on financing of the project are held with several international financial institutions and private companies, one of them is the European Bank for Reconstruction and Development (EBRD). The EBRD has confirmed that …

According to the Deputy Minister of Energy, Mariam Valishvili Government, with the support of EBRD has worked on assessing fiscal risks and found out that existing prices on electricity market does not create base of building new generation facilities. Valishvili told Business Course. Recommendation of Monetary Fund for Georgia is …

The European Bank for Reconstruction and Development (EBRD) estimates the possibility of third large bank entering Georgian market, however, considers that currently it is less likely to happen. Regional representative of EBRD, Bruno Balvanera declared that two large banks already own large shares at the market which limits the possibility of new bank, entering the market. …

European Bank for Reconstruction and Development (EBRD) has maintained Georgia’s economic growth forecasts unchanged. According to the May 10 report, Georgia’s economic growth will recorded 3.9% in 2017 and 4.2% in 2018. According to EBRD report, positive dynamics is expected in eastern Europe and the Caucasus after the 2016 stagnation. …

The European Bank for Reconstruction and Development is pushing ahead with plans to lend $500 million to Azerbaijan’s Southern Gas Corridor project after the nation was suspended from an international oil-wealth transparency watchdog. The development bank is “progressing” its financing to the $40 billion pipeline project with a final board decision expected …

The European Bank for Reconstruction and Development (EBRD) plans to invest 300-350 million EUR in Georgia this year. The Regional Director of the EBRD says that previous year’s record (250 million) is improved in 2017 in terms of investment portfolio. “At this stage I do not know the final answer, …

US$ 100 million equivalent in local currency will finance SME development. The European Bank for Reconstruction and Development (EBRD) and the European Union (EU) are expanding their joint programme with TBC Bank to support the development of small and medium-sized enterprises (SMEs) in Georgia by adopting EU standards to make …

The European Bank for Reconstruction and Development (EBRD) has marked a historic milestone by issuing its first-ever Eurobond both denominated and settled in Georgian lari (GEL). This development has been made possible by a recent establishment of a link between Clearstream and the Georgian domestic market which not only allows …